Hudson Valley Investment Advisors Inc. ADV Has $1.81 Million Position in Costco Wholesale Corporation $COST

Hudson Valley Investment Advisors Inc. ADV cut its position in Costco Wholesale Corporation (NASDAQ:COST) by 4.2% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 1,832 shares of the retailer’s stock after selling 80 shares during the quarter. Hudson Valley Investment Advisors Inc. ADV’s holdings in Costco Wholesale were worth $1,814,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in COST. Brighton Jones LLC raised its position in shares of Costco Wholesale by 12.3% in the 4th quarter. Brighton Jones LLC now owns 19,825 shares of the retailer’s stock valued at $18,165,000 after buying an additional 2,172 shares in the last quarter. Revolve Wealth Partners LLC raised its position in shares of Costco Wholesale by 13.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,123 shares of the retailer’s stock valued at $1,029,000 after buying an additional 130 shares in the last quarter. Vest Financial LLC raised its position in shares of Costco Wholesale by 961.7% in the 1st quarter. Vest Financial LLC now owns 23,146 shares of the retailer’s stock valued at $21,891,000 after buying an additional 20,966 shares in the last quarter. Signal Advisors Wealth LLC raised its position in shares of Costco Wholesale by 52.8% in the 1st quarter. Signal Advisors Wealth LLC now owns 1,744 shares of the retailer’s stock valued at $1,649,000 after buying an additional 603 shares in the last quarter. Finally, Sovereign Financial Group Inc. raised its position in shares of Costco Wholesale by 0.7% in the 1st quarter. Sovereign Financial Group Inc. now owns 1,727 shares of the retailer’s stock valued at $1,634,000 after buying an additional 12 shares in the last quarter. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Costco Wholesale

In related news, EVP Russell D. Miller sold 3,381 shares of Costco Wholesale stock in a transaction on Monday, September 29th. The shares were sold at an average price of $915.00, for a total value of $3,093,615.00. Following the completion of the sale, the executive vice president owned 9,740 shares of the company’s stock, valued at approximately $8,912,100. This trade represents a 25.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Teresa A. Jones sold 600 shares of Costco Wholesale stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $992.05, for a total transaction of $595,230.00. Following the completion of the sale, the executive vice president directly owned 2,362 shares of the company’s stock, valued at approximately $2,343,222.10. The trade was a 20.26% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,981 shares of company stock valued at $7,588,685 in the last quarter. 0.18% of the stock is currently owned by company insiders.

Costco Wholesale Stock Performance

Shares of COST stock opened at $915.38 on Friday. The company has a market cap of $405.95 billion, a price-to-earnings ratio of 50.27, a price-to-earnings-growth ratio of 5.55 and a beta of 0.98. Costco Wholesale Corporation has a 52 week low of $867.34 and a 52 week high of $1,078.23. The company has a quick ratio of 0.55, a current ratio of 1.03 and a debt-to-equity ratio of 0.20. The firm has a 50 day moving average of $953.54 and a 200-day moving average of $971.61.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings data on Thursday, September 25th. The retailer reported $5.87 EPS for the quarter, topping the consensus estimate of $5.81 by $0.06. The company had revenue of $86.16 billion during the quarter, compared to the consensus estimate of $86.01 billion. Costco Wholesale had a net margin of 2.94% and a return on equity of 30.09%. The company’s quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter last year, the firm posted $5.15 EPS. On average, equities analysts forecast that Costco Wholesale Corporation will post 18.03 earnings per share for the current year.

Costco Wholesale Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 1st were given a dividend of $1.30 per share. The ex-dividend date of this dividend was Friday, August 1st. This represents a $5.20 annualized dividend and a dividend yield of 0.6%. Costco Wholesale’s dividend payout ratio (DPR) is 28.56%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Telsey Advisory Group reissued an “outperform” rating and issued a $1,100.00 target price on shares of Costco Wholesale in a report on Wednesday, September 24th. Erste Group Bank cut shares of Costco Wholesale from a “buy” rating to a “hold” rating in a report on Tuesday, August 5th. DA Davidson reissued a “neutral” rating and issued a $1,000.00 target price on shares of Costco Wholesale in a report on Friday, September 26th. Wolfe Research assumed coverage on shares of Costco Wholesale in a report on Thursday, September 18th. They issued a “peer perform” rating for the company. Finally, The Goldman Sachs Group increased their target price on shares of Costco Wholesale from $1,333.00 to $1,418.00 and gave the stock a “buy” rating in a report on Friday, September 26th. Nineteen research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $1,067.19.

Costco Wholesale Company Profile

Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, Mexico, Japan, the United Kingdom, Korea, Australia, Taiwan, China, Spain, France, Iceland, New Zealand, and Sweden. The company offers branded and private-label products in a range of merchandise categories.